17:31-2 - Agreement for deposit of property by fiduciaries
17:31-2.Ā Agreement for deposit of property by fiduciaries
A receiver, assignee, guardian, trustee, committee, executor, administrator,Ā curator, or other fiduciary or party of whom a bond, undertaking or otherĀ obligation is required, may agree and arrange with the company for the depositĀ for safe-keeping of any money, assets or other property for which he may beĀ responsible, with a bank, savings bank, safe deposit or trust companyĀ authorized to do business in this state, in such manner as to prevent theĀ withdrawal or alienation of the money, assets or other property, or any partĀ thereof, without the written consent of the company, or an order of the courtĀ or a judge thereof made on such notice to the company as the court or judgeĀ directs.
Ā
A receiver, assignee, guardian, trustee, committee, executor, administrator,Ā curator, or other fiduciary or party of whom a bond, undertaking or otherĀ obligation is required, may agree and arrange with the company for the depositĀ for safe-keeping of any money, assets or other property for which he may beĀ responsible, with a bank, savings bank, safe deposit or trust companyĀ authorized to do business in this state, in such manner as to prevent theĀ withdrawal or alienation of the money, assets or other property, or any partĀ thereof, without the written consent of the company, or an order of the courtĀ or a judge thereof made on such notice to the company as the court or judgeĀ directs.
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